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Required information RWP7-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed beiow.] Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1, 2025, for $12,400. They expect to use the Suburban for five years and then sell the vehicle for $4,700. The following expenditures related to the vehicle were also made on July 1,2025 : - The company pays $1,900 to GEiCO for a one-year insurance policy. - The company spends an extra $3,400 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,100 is spent on a deluxe roof rack and a traller hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Actventures. In addition, on October 22,2025 , the company pays $600 for basic vehicle maintenance related to changing the oil, replacing the windshicld wipers, rotating the tires, and inserting a new air filter. RWP7-1 (Algo) Great Adventures Continuing Case Part 5 Required: 5. Record the sale of the vehicle two years later on July 1,2027 , for $10,400. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleid.) Note: Enter debits before credits

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